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Jan 11 - 08:55 AM

AUD/USD - Balanced Risks Keep Familiar Turf Trod

By Christopher Romano  —  Jan 11 - 07:15 AM
  • AUD/USD rallied 0.6698-0.6725 overnight, NY opened near 0.6710, up +0.15%

  • US yield US2YT=RR, US$ slips helped limit AUD/USD's downside

  • Equity ESv1 gains and USD/CNH drop below 7.1650 also buoyed AUD/USD

  • Iron-ore DCIOc2 and AUD/JPY drops helped to limit the pair's upside

  • AUD/USD remains within the Jan. 5 daily trading range and techs are mixed

  • Investors are playing it cautiously until key US data and event risks pass

  • US Dec. CPI, weekly claims & their impact on Fed policy are key risks today

  • Remarks from Richmond Fed's Barkin may impact risk, speaks at 12:40 EST

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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